Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    617 W Main St Whitesboro, TX 76273

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    617 W Main St Whitesboro, TX 76273

    View on Map
    • Commercial real estate
    • 5,678 SF
    • 1.00 lot acres
    For Sale
    $420,000
    View Listing →
    Established Nursery and Gift Shop For Sale
    $420,000
    1.00 Acre

    Established Nursery and Gift Shop

    Nursery, gift shop, and residence near Lake Texoma.

    617 W MAIN, Whitesboro, TX 76273
    View Listing
    Property ID
    US83-3820771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hedges Florist / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 617 W Main St

    Year built
    1984
    Lot size
    1.00 lot acres
    Property size
    5,678 SF
    Property type
    Commercial real estate
    APN
    W004 049109803
    APU
    W004049109803

    Description

    This exceptional 3,500 square foot property in Whitesboro, Texas, presents a rare opportunity for a savvy investor or entrepreneur. Situated on a one-acre lot at 617 W Main, this location boasts high visibility just off Highway 82, offering easy access to Lake Texoma and nearby casinos. The property currently houses a well-established florist and garden center, a beloved local institution operating successfully for over four decades. This provides a turnkey business opportunity with an existing customer base and proven profitability. Adding to its appeal is a custom-built, two-bedroom, two-bathroom home situated on the property. This residence offers versatile options: it could serve as an income-generating vacation rental (VRBO), a comfortable owner's residence, or even expanded to accommodate business needs. The property's prime location in Whitesboro, a town experiencing growth and known for its charming downtown area with boutique shopping, offers significant advantages. The possibilities are numerous

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.9161
    Latitude
    33.6563
    CBSA code
    43300
    CBSA name
    SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,822
    $167,706
    $102,932
    $270,638
    -
    $167,706
    $102,932
    $270,638

    Comparable in this City

    • Value Estimation by Request
      20.59 Acres

      22534 State Highway 56

      Distribution properties • 2,200 SF
      22534 State Highway 56, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      3.00 Acres

      23350 Us-377

      Mixed-use properties • 8,000 SF
      23350 Us-377, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.28 Acres

      Line Rd

      COMMERCIAL (GENERAL) • 0.28 Acres
      Line Rd, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      0.15 Acres

      Chestnut

      COMMERCIAL (GENERAL) • 0.15 Acres
      Chestnut, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      10,350 SF

      9126 Fm 678

      Mixed-use properties • 10,350 SF
      9126 Fm 678, Whitesboro, TX 76273
      View Details
    • Value Estimation by Request
      3,376 SF

      500 Mcfall St

      COMMERCIAL (GENERAL) • 3,376 SF
      500 Mcfall St, Whitesboro, TX 76273
      View Details

    Similar Nearby for Sale

    • $1,350,000
      2.61 Acres

      High-Visibility Whitesboro Commercial Land

      Prime 2.6-Acre Commercial Lot, High Traffic
      307 Us-377, Whitesboro, TX 76273
      View Details
    • $114,900
      1.00 Acre

      Residential Land in Dixie Estates

      One-acre residential land in Whitesboro, TX, with modern conveniences.
      20 Dixie Est Way, Whitesboro, TX 76273
      View Details
    • $1,790,000
      39.91 Acres

      Whitesboro Agricultural Property with Barndominium

      Almost 40-acre property ideal for cattle and horses.
      204 County Road 107, Whitesboro, TX 76273
      View Details
    • $1,790,000
      39.91 Acres

      Texas Ranch with Barndominium

      Almost 40-acre ranch featuring a barndominium and equestrian facilities.
      204 County Road 107, Whitesboro, TX 76273
      View Details
    • $2,950,000
      5,819 SF

      Texas Ranch with Red Roofs

      63-acre ranch featuring multiple custom homes and equestrian facilities.
      34673 Us Highway 82, Whitesboro, TX 76273
      View Details
    • $1,185,000
      30.00 Acres

      30 Acres of Tranquil Land

      30-acre property with mature trees, pond, and creek.
      W Line Rd, Whitesboro, TX 76273
      View Details

    Similar Nearby for Lease

    • $200 SF/Yr
      15,333 SF

      Storage Space in Whitesboro, TX

      Storage units for boats, cars, furniture, and more available.
      409 W Main St, Whitesboro, TX 76273
      View Details
    • $6,500 /Mo
      65,340 SF

      Versatile Industrial Space in Whitesboro

      5,000 sq ft industrial building with office and ample parking.
      23350 Us Highway 377, Whitesboro, TX 76273
      View Details
    • $6,130 /Mo
      61,376 SF

      Retail Opportunity in Whitesboro, TX

      Retail property in growing Whitesboro, TX, near major highways.
      0000 Us-377-Br, Whitesboro, TX 76273
      View Details
    • $2,325 /Mo
      84,942 SF

      Remodeled Commercial Building in Whitesboro, TX

      Versatile, newly remodeled commercial building with multiple units for lease.
      27790 State Highway 56, Whitesboro, TX 76273
      View Details
    • Contact for pricing

      New Retail/Office Space Available

      New construction retail/office space in Whitesboro, ranging from 700-3,000 SF.
      N Union St, Whitesboro, TX 76273
      View Details
    • Contact for pricing

      Versatile Industrial Space For Rent

      5,000 sq ft industrial building with office and bathroom.
      23350 Us Highway 377, Whitesboro, TX 76273
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    617 W Main St
    Whitesboro, TX 76273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    617 W Main St, Whitesboro, TX, 76273

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!